Question by cindasl: What is the difference between personal credit cards and business credit cards?
I have a few personal credit cards and I want to consolidate them. I also am self-employed, but I dont’ have a business credit card; although I get LOTS of ads for them in the mail. I’ve always wondered, what is the difference? Are there different rules or fees? Can you only use them for business purchases? Do you have to spend a certain amount to keep them?
Any advice appreciated…
Best answer:
Answer by SCHLANGEMANN
The fees and spending limits for one thing and business credit cards are usually associated with a business and not a given individual, but a business credit card will be tied to the business owner for credit purposes. Business Amex has an annual fee that must be paid and pretty high interest charges, so it’s not a card for everyday use.
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